$330,000

beds

baths

2,448

square ft

1027 Lake Avenue

Fort Wayne, Indiana 46805

Active / MLS #202540713 / Multiple Unit (2-4) / Fort Wayne

Listing information updated 10/17/2025 at 4:03pm

Turnkey 4-Plex, fully occupied, generating $3,651 monthly income, ideally located within walking distance of Lakeside Park. Exterior freshly painted in 2024. All units rehabbed prior to tenant move-in, featuring updated paint, carpet and appliances as needed. Three of four tenants have been in place since 2023, ensuring stable income. This well-maintained, income-producing property is a must-see investment opportunity. Option to purchase additional property at 1011 Lake Ave. Tenants require 48-hour notice for showings and will be present. Owner covers utilities, averaging $575 per month. Off-street parking in rear.

Full Features

Exterior Type:

Aluminum,Shingle,Vinyl

Basement:

Full Basement,Unfinished

Beds Above Grade:

Cooling System:

None

Heating System:

Hot Water

Appliances:

Building, Land

Pool:

Age:

125 Years

Parking Type:

Gravel,Off Street

Parking Spaces:

Water Front:

Square Feet:

2,448

Lot Size:

0.16

Acreage:

0.16

Room Information

Family Room:

891 x 891

4th Bedroom:

1 x 1

Other:

3651 x 1

Taxes & Assessments

Tax Amount:

$4,355

Tax Year:

2025

Location

Zip Code:

46805

City:

Fort Wayne

County:

Allen County

Schools

School District(s):

Fort Wayne Community

Elementary School:

Forest Park

Middle School:

Lakeside

High School:

North Side

Exterior Type:

Aluminum,Shingle,Vinyl

Basement:

Full Basement,Unfinished

Beds Above Grade:

Cooling System:

None

Heating System:

Hot Water

Appliances:

Building, Land

Pool:

Age:

125 Years

Parking Type:

Gravel,Off Street

Parking Spaces:

Water Front:

Square Feet:

2,448

Lot Size:

0.16

Acreage:

0.16

Family Room:

891 x 891

4th Bedroom:

1 x 1

Other:

3651 x 1

Tax Amount:

$4,355

Tax Year:

2025

Zip Code:

46805

City:

Fort Wayne

County:

Allen County

School District(s):

Fort Wayne Community

Elementary School:

Forest Park

Middle School:

Lakeside

High School:

North Side

Listing Agent: Rachel Morgan-hamilton

Listing Office: Beach Vibes Realty

Agent Contact Information: rachelmh.realty@gmail.com

Disclaimer: IDX information provided by the Indiana Regional MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.